3,482 Invesco QQQ $QQQ Shares Bought by Focused Wealth Management Inc

Key Points

• Focused Wealth Management increased its QQQ holdings by 3,482 shares, or 1.8%, to 191,866 shares valued at about $141.9 million. QQQ represents 12.1% of the firm’s portfolio and is its third-largest position.
• Several other institutional investors also increased their positions, and institutional investors collectively own 44.58% of QQQ.
• QQQ’s latest quarterly dividend fell to $0.7514 per share from $0.8135, an annualized yield of about 0.4%. The article also notes that the Nasdaq-100 has entered correction territory, a potential headwind for the fund.

Focused Wealth Management Inc lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,866 shares of the exchange traded fund's stock after purchasing an additional 3,482 shares during the quarter. Invesco QQQ makes up about 12.1% of Focused Wealth Management Inc's holdings, making the stock its 3rd biggest position. Focused Wealth Management Inc's holdings in Invesco QQQ were worth $141,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock valued at $2,237,606,000 after acquiring an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after purchasing an additional 4,751 shares during the last quarter. HighTower Advisors LLC boosted its position in Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock worth $906,272,000 after purchasing an additional 36,923 shares during the period. GoalVest Advisory LLC grew its holdings in Invesco QQQ by 20,256.6% during the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Finally, Corient Private Wealth LP grew its holdings in Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: QQQ’s holdings moved higher alongside Wednesday’s advance in U.S. equities, and a separate report described technology stocks rebounding. That recovery may help the fund, which is heavily exposed to large growth and technology companies. Exchange-Traded Funds Higher as US Equities Advance After Midday Tech Stocks Rebound To Take Center Stage - Again
• Positive Sentiment: QQQ added to all 101 of its positions on Monday, buying $3.88 billion in stocks, including Apple and NVIDIA. This indicates broad portfolio accumulation, though it does not necessarily represent investor inflows into QQQ itself. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
• Neutral Sentiment: Historical analysis cited by market commentators suggests stocks have often performed well in the months following U.S. midterm elections. That seasonal pattern may support sentiment, but it does not guarantee a rebound in QQQ. Stocks Have Always Risen After Midterm Elections
• Negative Sentiment: The Nasdaq-100 has entered correction territory after falling more than 10% from its October highs, with AI-industry concerns weighing on technology shares. Continued volatility or further weakness in major tech holdings could pressure QQQ. Nasdaq 100 and QQQ have sunk into a correction: will they rebound after midterms?
• Negative Sentiment: A stronger economy may complicate the inflation fight, potentially keeping interest rates elevated for longer—a headwind for growth-oriented stocks. A Stronger Economy May Complicate The Inflation Fight

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $691.95 on Thursday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The company's 50 day moving average is $723.55 and its 200-day moving average is $679.96.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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